Jason Wilder Sells 4,980 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock

Key Points

• Rush Enterprises COO Jason Wilder sold 4,980 shares of stock for $276,639, marking a 5.88% decrease in his holdings.
• The company has announced a quarterly dividend increase to $0.19, reflecting a yield of 1.3% on an annualized basis.
• Rush Enterprises recently exceeded analysts' earnings expectations, reporting $0.90 earnings per share for the last quarter, surpassing estimates of $0.80.

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) COO Jason Wilder sold 4,980 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total value of $276,639.00. Following the completion of the transaction, the chief operating officer directly owned 79,692 shares in the company, valued at approximately $4,426,890.60. This trade represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jason Wilder also recently made the following trade(s):

• On Monday, May 19th, Jason Wilder sold 748 shares of Rush Enterprises stock. The stock was sold at an average price of $56.08, for a total value of $41,947.84.
• On Friday, May 16th, Jason Wilder sold 483 shares of Rush Enterprises stock. The shares were sold at an average price of $56.39, for a total value of $27,236.37.

Rush Enterprises Trading Up 0.8%

Shares of NASDAQ RUSHA traded up $0.46 during midday trading on Monday, reaching $56.83. The company had a trading volume of 30,797 shares, compared to its average volume of 422,295. The stock has a market cap of $4.42 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. Rush Enterprises, Inc. has a one year low of $46.30 and a one year high of $65.43. The firm's fifty day moving average price is $53.14 and its 200-day moving average price is $53.43. The company has a quick ratio of 0.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.10. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.89 billion. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. On average, equities research analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, August 12th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. This is a positive change from Rush Enterprises's previous quarterly dividend of $0.18. Rush Enterprises's dividend payout ratio is 21.65%.

Hedge Funds Weigh In On Rush Enterprises

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp grew its position in shares of Rush Enterprises by 0.3% in the 2nd quarter. State Street Corp now owns 2,359,238 shares of the company's stock worth $121,524,000 after buying an additional 6,994 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Rush Enterprises by 1.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,218,650 shares of the company's stock worth $118,499,000 after acquiring an additional 41,407 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Rush Enterprises by 6.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,302,218 shares of the company's stock worth $69,552,000 after acquiring an additional 79,499 shares in the last quarter. Beck Mack & Oliver LLC grew its holdings in Rush Enterprises by 0.5% in the fourth quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company's stock worth $58,821,000 after purchasing an additional 5,823 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Rush Enterprises by 4.6% during the second quarter. Jennison Associates LLC now owns 923,847 shares of the company's stock valued at $47,587,000 after purchasing an additional 40,936 shares in the last quarter. 84.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RUSHA. Wall Street Zen downgraded shares of Rush Enterprises from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Stephens reaffirmed an "overweight" rating on shares of Rush Enterprises in a research report on Monday, August 4th.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.